The first million is the hardest
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- čas přidán 3. 08. 2024
- Building wealth is not a linear function, it’s exponential. It starts off slow then, provided you don’t go astray, should accelerate quicker and quicker as time goes on with a few bumps along the way. Let me explain how this works.
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guidedinvestor.com.au
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I really enjoyed this video and you’re absolutely correct, my first 100k took so long to obtain but the second is way faster and hopefully I can get that first million!
I'm sure you'll hit the million faster than expected ;)
The beautiful thing is that it just keeps accelerating. Pretty soon you will be knocking down a million at a time like you are knocking down a 100k now. I just made my fourth million in 6 months. My third took a couple years. My second probably 5 to 6 and my first like 15+.
I believe u will
Really well explained! It's so true, the quicker you can start building wealth, the more the growth can snowball.
Gotta love compounding! Thanks for watching mate 👍
Exponential is such a cool word, right? Also looooove compound interest calculators. I think these are the two things that keep me interested in the subject of finance hahaha. Great video, as always!
Yeah the idea that money can earn itself, that probably has to be the biggest lure for me into the financial planning industry
Great info as always Brad! Happy New Year here's to improved finances for the year ahead.
Happy new year to you too mate! Here's to finance and fitness in the new year 🍻
He’s good looking!.!.
Just came across your channel and really loving the content. Well explained and thorough
Thanks thats very kind of you!
where can you invest to start compunding? love ur videos btw
Thank you Mr. Corden!
🤣
Great explanation. Enjoyed this video.
Thanks Shaun, happy new year mate!
It took me 24 years to make my first million.
Well done! The second million should come a lot easier 😉
Yes but your statistics as skewed as the medium income in Australia isn’t 89k, more like 60k and people in Australia don’t think about investing so much as if you are making 89k your life is comfortable enough not to worry about becoming a millionaire. The ones that want to become millionaires are the ones earning less.
You will work to the day you die if you dont invest
It is a painful but to be honest not ever one has the stomach.